Canada Pension Plan Investment Board Makes New $1.02 Million Investment in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Canada Pension Plan Investment Board acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 85,200 shares of the oil and gas company’s stock, valued at approximately $1,017,000.

A number of other institutional investors have also recently bought and sold shares of HLX. Intech Investment Management LLC bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth $371,000. Edgestream Partners L.P. acquired a new position in Helix Energy Solutions Group in the second quarter valued at about $184,000. Dimensional Fund Advisors LP boosted its holdings in Helix Energy Solutions Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after buying an additional 254,880 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth about $198,000. Finally, Meeder Advisory Services Inc. increased its stake in shares of Helix Energy Solutions Group by 9.5% in the 2nd quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock valued at $198,000 after acquiring an additional 1,445 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

HLX has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Raymond James started coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target for the company.

Helix Energy Solutions Group Price Performance

Shares of HLX opened at $10.80 on Friday. The stock has a 50 day simple moving average of $10.67 and a 200 day simple moving average of $11.01. Helix Energy Solutions Group, Inc. has a 52-week low of $8.82 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market capitalization of $1.65 billion, a PE ratio of -51.43 and a beta of 2.42.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The company had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.